Nike Inc., founded by Phil Knight and Bill Bowerman in 1962 was partnered under the name, Blue Ribbon Sports (Carbasho & Greenwood Press (Westport, Conn.), 2010, p. 25). Back then their motto was to dispense affordable high-quality athletic shoes to Americans buyers in an effort to disrupt Germany's control of the domestic industry. From there the company has grown to what it is now, a name synonymous wit sneakers and athletic gear. And with it has developed a human capital recruitment philosophy based on fitness and athletics where employees feel the team spirit and being a part of a team. Their methods and techniques often include allowing employees an extra half hour for their lunch break to get in a workout. Their motto is promoting not just a product, but a lifestyle that they also want to see in their employees.
The now famous "Just Do It" mantra of Nike is a philosophy of active lifestyle. They want customers who buy their athletic shoes and clothes to be healthy, active, inspired. They reflect that in their company by letting employees work out and play sports during their lunch break. In fact, all new employees watch a video of sports highlights followed by a soundtrack that discourses the soul of the athlete and the competitive inner self.
Additionally, management sends regular emails updating employees on the current successes of Nike-sponsored athletes, and frequently receives spokespeople to inspire and acknowledge its staff for offerings to the sports world....
Nike Inc. Operations Evaluation of Nike Incorporated Marketing Mix Price Marketing Mix Place Market Situation Factories Based on Region and Product Current Situation of Footwear Industry Marketing Mix Product Nike Current Situation Strengths Marketing Mix Promotion Weaknesses Opportunities Threats Critical Evaluations PEST Analysis Growth Opportunities Political Evaluation Economic Evaluation Social Evaluation Technological Evaluation Changes in Operations Workers at Factories Code of Conduct Grade Assessment Operations Evaluation of Nike Incorporated Understanding how globalization affects a company will be analyzed to explore how Nike Incorporated handles the multiple risks and capitalizes on the benefits of such
viable marketing plan for the footwear giant, Nike. The plan has been adequately substantiated with thorough research on different factors affecting the firm along with various ways of addressing future challenges. This research paper highlights that Nike is confronted with multifarious issues which need to be negotiated amicably. Result of the study concludes that there is still a world waiting for the Nike to be exploited, outsmarting its competitors
More recent surveys have seen Nike continue to trail the industry average, indicating a long-term trend of only somewhat meeting customer expectations (ASCI, 2009). Wholesale and retail channels are a critical external stakeholder because of the role that they play in the company's route to market. Without support of wholesalers and retailers, Nike could only rely on its own-branded stores to bring its shoes and apparel to consumers. Nike's distribution
This strategy of customization increases sales and profits per pair of shoes produced. Successful Acquisitions and Partnerships Nike acquired Official Starter Properties and Official Starter in later 2004. These two entities were the sole owners and licensors of the Starter, Team Starter and Asphalt brand names as well as master licensee of the Shaq and Dunkman brands (a line of athletic apparel, footwear and accessory products for the value retail channel).
Nike: Financial Analysis The relevance of analyzing the financial stability and health of an entity cannot be overstated especially when it comes to the determination of the future performance of the concerned entity. This text undertakes an in-depth financial analysis of Nike, a well-known footwear, equipment, and apparel designer. In seeking to conduct an in-depth analysis of Nike, I will amongst other things describe the company and its operations in significant detail,
It is more than likely that these subsidiaries will attain this financial objective, given the fact that they have tripled their revenues and significantly increased their pretax income contribution. Another objective of Nike's strategy consists in optimizing the company's portfolio. This objective can be approached on medium term and on long-term. 15. Who are the following individuals in the company's organization structure: Chairman President (CEO) Members of the Board of Directors. The company is
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